@e375316f

Initial exchange listings are critical for an airdrop's immediate price discovery and liquidity. A listing on a major tier-1 exchange like Binance or Coinbase provides massive visibility, legitimacy, and access to a deep pool of buyers, typically leading to a significant price surge. Conversely, being limited to smaller DEXs often results in high slippage and selling pressure from airdrop claimants, crashing the price. The quality and timing of the first listings are often the single biggest factor in determining the initial cash-out value for recipients and set the tone for the token's early trading narrative.

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